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Remain short.

Remain short. | 09 September 2020

09 September 2020, EUR/USD

Remain short.

Wave Analysis

On this chart, we are in an active down trend. While we continue to see sustenance below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should break below 1.17510 towards 1.160 or even lower. As it is now, only sell positions looks ideal and can be recommended. But should the price break above the previous day's highest high, then we may consider a buy.

Trade Recommendations:

Remain short.

Bob Stan
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